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 preview of the September jobs report and the Vice Presidential debate. In the UK – a look at some of the challenges France’s new government will face. In Asia – a look ahead to China’s Golden Week. See omnystudio.com/listener for privacy information.
Sep 28, 2024•39 min
Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) China cut the amount of cash banks must keep in reserve Friday and lowered a key policy rate, as Beijing rolls out a strong stimulus package unveiled this week in a push to shore up the slowing economy and investor confidence. (2) Israeli Prime Minister Benjamin Netanyahu vowed the military would maintain its bombardment of Hezbollah targets in Lebanon indefinitely, while engaging with efforts by the US ...
Sep 27, 2024•15 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business, people familiar with the matter said, a major shift that would mark the first time Altman is granted ownership in the artificial intelligence startup. (2) China is considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state ba...
Sep 26, 2024•16 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) China’s central bank lowered the interest rate charged on its one-year policy loans by the most on record, kicking off a sweeping program to revive confidence in the world’s second-largest economy. (2) The debate over the magnitude of the Federal Reserve’s expected interest-rate cut in November is intensifying, with traders ramping up wagers in futures keyed to the central bank’s path as officials start...
Sep 25, 2024•16 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Israel launched airstrikes on targets across southern Lebanon, killing nearly 500 people in one of the deadliest days of fighting in nearly two decades and fanning fears of all-out war. (2) China’s central bank unleashed an unprecedented blitz of policy support for the economy, as authorities made their boldest swing so far to hit this year’s annual growth target of about 5%, after a flurry of Wall Stre...
Sep 24, 2024•19 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The UK’s new Labour government won’t return to the austerity cuts of its Conservative predecessors, Chancellor of the Exchequer Rachel Reeves will promise on Monday, as she pivots toward a more positive narrative after weeks of warning about the dire state of the public finances. (2) Prime Minister Michel Barnier opened the door to taxing wealthy individuals and large companies in a bid to repair France...
Sep 23, 2024•16 min
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: We preview PCE inflation data In the UK: We're looking ahead to one of the most pivotal periods on the political calendar In Asia: We take a look at the Liberal Democratic Party presidential election See omnystudio.com/listener for privacy information.
Sep 21, 2024•39 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Asian stocks extended a rally in global equities as jobs data backed the view that the US economy is headed for a soft landing. The yen gained as the Bank of Japan left interest rates unchanged. (2) The Bank of England has given Chancellor of the Exchequer Rachel Reeves a £4 billion ($5.3 billion) lifeline to help ease spending pressures ahead of what she has said will be a tough first budget. (3) The U...
Sep 20, 2024•29 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Asian stocks extended a rally in global equities as jobs data backed the view that the US economy is headed for a soft landing. The yen gained as the Bank of Japan left interest rates unchanged. (2) The Bank of England has given Chancellor of the Exchequer Rachel Reeves a £4 billion ($5.3 billion) lifeline to help ease spending pressures ahead of what she has said will be a tough first budget. (3) The U...
Sep 20, 2024•17 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Federal Reserve Chair Jerome Powell led his colleagues to an outsize interest-rate cut designed to preserve the strength of the US economy as risks to the labor market mount, marking an end to their single-minded focus on quashing inflation. (2) Traders ramped up their bets on the pace of future US interest-rate cuts after the Federal Reserve reduced its benchmark by half a point and signalled more cuts...
Sep 19, 2024•20 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Iran-backed Hezbollah accused Israel of orchestrating an attack that killed several people and left almost 3,000 wounded across Lebanon, increasing fears of an all-out war. (2) Traders who are locked into record wagers tied to the Federal Reserve’s expected interest-rate cut Wednesday are risking sharp losses if officials opt for a standard-sized reduction. (3) BlackRock Inc. and Microsoft Corp. are tea...
Sep 18, 2024•21 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Not since the lead-up to the financial crisis have bond traders been so divided about the outcome of the next Federal Reserve decision. (2) Donald Trump is poised to capitalize on the second attempt on his life in recent months, using the shocking development to try to snatch back the political momentum that Vice President Kamala Harris has enjoyed. (3) Amazon.com Chief Executive Officer Andy Jassy is m...
Sep 17, 2024•17 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Former President Donald Trump is safe after his Secret Service detail opened fire at a man who was wielding an assault rifle at his West Palm Beach, Florida, golf course Sunday, in what the Federal Bureau of Investigation called an apparent assassination attempt. (2) Back in January, Premier Li Qiang trumpeted China’s success in exceeding its 2023 growth goal without resorting to “massive stimulus.” Rep...
Sep 16, 2024•16 min
In the US – a preview of next week’s Fed meeting and FedEx earnings. In the UK – a preview of Eurozone data. In Asia – a look at next week’s BOJ decision and TOKEN2049 Summit . See omnystudio.com/listener for privacy information.
Sep 14, 2024•37 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Clues on when the European Central Bank will next cut interest rates were in short supply on Thursday, with President Christine Lagarde and colleagues awaiting data on how drastically the economy is deteriorating — and how that will shift inflation. (2) The US and UK governments are discussing allowing Ukraine to deploy British cruise missiles backed by US navigational data to conduct long-range strikes...
Sep 13, 2024•16 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The bond market has ended its long flirtation with the Federal Reserve cutting interest rates by half a point this month as resilient inflation and labor market data reinforce a measured course of action. (2) The European Central Bank is set to lower interest rates again, but will remain tight-lipped on the pace and extent of further action with inflation not yet fully defeated. (3) Donald Trump said he...
Sep 12, 2024•20 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Democrat Kamala Harris and Republican Donald Trump sparred through their first debate on ABC News, with the former president often on the defensive over abortion rights, the January 6 insurrection and on foreign policy. This podcast includes extracts from that ABC News debate. (2) The Bank of Japan will continue to adjust policy going forward provided the economy performs in line with its projections, B...
Sep 11, 2024•19 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Apple has introduced the latest version of its flagship device, the iPhone 16, betting it can entice consumers with modest hardware upgrades and AI technology that's still on the horizon. (2) The biggest US banks would face a 9% increase in capital requirements — a dramatic retreat from the original plan — after regulators agreed to sweeping changes to a proposed package of rules, according to people fa...
Sep 10, 2024•16 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Worse-than-expected economic data is fuelling concerns of a broader global economic slowdown as concern shifts from inflation to growth.While the Fed has all but committed to reducing rates from their highest in more than two decades this month, investors have been scrutinizing economic data for clues as to the scope and pace of the reductions. (2) China's core inflation cooled to the weakest in more th...
Sep 09, 2024•16 min
Bloomberg Daybreak Weekend with Guest-Host John Tucker takes a look at some of the stories we'll be tracking in the coming week. In the US - a preview of U.S CPI data and next week’s Presidential debate. In the UK – a look at next week’s ECB meeting. In Asia - a look at Apple’s major product launch. See omnystudio.com/listener for privacy information.
Sep 07, 2024•37 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Forecasters anticipate a monthly report on US employment will show a bounce in hiring and a tick lower in the unemployment rate in August, marking a stabilization after the July data sparked a growth scare in financial markets. (2) Donald Trump pledged to cut the corporate tax rate, slash regulations and audit the federal government, embracing an idea proposed by billionaire backer Elon Musk, as he pitc...
Sep 06, 2024•17 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) A key segment of the US Treasury yield curve briefly turned positive as weaker-than-anticipated labor-market data bolstered bets on steep interest-rate cuts by the Federal Reserve. (2) Vice President Kamala Harris called for a 28% capital gains tax rate on people earning $1 million or more, touting it as a measure that would ensure the wealthy paid their fair share as she sought to detail her economic a...
Sep 05, 2024•16 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Stocks in Asia slumped the most since the Aug. 5 rout, tracking a selloff in US peers driven by a plunge in Nvidia. (2) The US Justice Department sent subpoenas to Nvidia Corp. and other companies as it seeks evidence that the chipmaker violated antitrust laws, an escalation of its investigation into the dominant provider of AI processors. (3) Oil has pushed lower after a loss of almost 5% on Tuesday as...
Sep 04, 2024•17 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The UK will suspend some arms licenses to Israel after concluding the use of British components in Gaza risks violating international humanitarian law, Foreign Secretary David Lammy said, in a break from allies. (2) Volkswagen AG is considering factory closures in Germany for the first time in its 87-year history, parting with tradition and risking a feud with unions in a step that reflects the deep woe...
Sep 03, 2024•17 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Chancellor Olaf Scholz’s ruling coalition was punished in two regional elections in eastern Germany on Sunday, with populist parties on the extreme right and left taking more than 60% of the vote in Thuringia and almost half in Saxony. (2) President Emmanuel Macron will meet on Monday with Bernard Cazeneuve, a former Socialist Party official and ex-premier, as he heads toward naming France’s next prime ...
Sep 02, 2024•17 min
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 preview of the August jobs report in the U.S, and earnings from Hewlett Packard Enterprise. In the UK - a look at the challenges facing the UK's government as parliament returns from its summer break. In Asia – a preview of Taiwan's SEMICON summit. See omnystudio.com/listener for privacy information....
Aug 31, 2024•40 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Vice President Kamala Harris said helping address economic woes and bolstering the middle class would be her day one priority, in her critical first interview since capturing the Democratic presidential nomination. (2) China is considering allowing homeowners to refinance as much as $5.4 trillion in mortgages to lower borrowing costs for millions of families and boost consumption. (3) The UK’s top finan...
Aug 30, 2024•17 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1)Nvidia Corp. failed to live up to investor hopes with its latest results on Wednesday, delivering an underwhelming forecast and news of production snags with its much-awaited Blackwell chips. (2) OpenAI is getting closer to raising funding at a valuation of more than $100 billion in a round led by Thrive Capital, people with knowledge of the matter said. (3) Pavel Durov, the chief executive officer of Te...
Aug 29, 2024•20 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) HSBC's incoming Chief Executive Officer Georges Elhedery is considering plans that could remove layers of middle management at Europe's largest bank, mirroring similar moves undertaken by rivals Citigroup and Standard Chartered (2) Protests in China are on the rise as the effects of a slowing economy rattle citizens and Beijing refrains from taking bolder steps to shore up growth. (3) US National Securi...
Aug 28, 2024•17 min
(1) BHP the world's biggest miner, posted a full-year profit broadly in line with expectations, as revenue from iron ore and copper increased despite a deteriorating Chinese demand outlook. (2) Pavel Durov, the CEO of Telegram, has been detained in France over claims that the messaging service failed to properly fight crime on the app, including the spread of child sexual abuse material. (3) Longtime Apple Chief Financial Officer Luca Maestri will step down from the job at the end of the year, h...
Aug 27, 2024•17 min