Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Former Barclays Plc Chief Executive Officer Jes Staley has long maintained that he cut off his friendship with Jeffrey Epstein once he became boss of the UK bank. Legal documents seen by Bloomberg News claim that he had indirect contact with the late pedophile financier for years after that. Representatives for Staley and JPMorgan didn't respond to requests for comment. (2) When the US punished Morgan S...
Feb 08, 2024•16 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) New York Community Bancorp's credit grade was cut to junk by Moody's Investors Service less than a week after the regional lender alarmed shareholders by slashing payouts and stockpiling reserves to cover troubled loans tied to commercial real estate. (2) Treasury Secretary Janet Yellen said that while losses in commercial real estate are a worry, US regulators are working to ensure that loan-loss reser...
Feb 07, 2024•16 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: UBS Group AG will resume share buybacks this year, vowing to hand as much as $1 billion to shareholders in the second half as it seeks to move beyond the integration of Credit Suisse. Hopes are also building for more concerted efforts to boost shares as regulators plan to brief President Xi Jinping on market as soon as Today. King Charles is receiving treatment for an unspecified form of cancer, in the late...
Feb 06, 2024•16 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The Biden administration vowed more strikes against Iran's forces and its proxies in the Middle East after three straight days of punishing attacks, even as senior officials insisted the US won't be pulled into a prolonged regional conflict. (2) Iranian-backed Houthis vowed to respond to US and British-led airstrikes after dozens of targets of the Yemen-based rebel group were struck overnight. (3) Feder...
Feb 05, 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 Disney and Uber earnings In the UK - we detail how big oil is grappling with geopolitics and climate change In Asia - we look to the Lunar New Year and the health of the Chinese consumer See omnystudio.com/listener for privacy information.
Feb 03, 2024•38 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: Apple reported a deepening slump in China during the holiday quarter, even as total iPhone sales were stronger than expected and the company returned to revenue growth. Meta and Amazon reported better-than-expected earnings on Thursday, sending their stock prices soaring by a combined $270 billion Bank of England Governor Andrew Bailey has put the British central bank on a clear path to rate cuts. He also g...
Feb 02, 2024•20 min
Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) The Federal Reserve held interest rates steady for a fourth straight meeting and signaled an openness to cutting them, though Fed Chair Jerome Powell threw cold water on investors' hopes that reductions would begin in March. (2) The Bank of England is likely on Thursday to deliver a brighter outlook for the UK economy, reducing its forecast for inflation this year and potentially opening the way to inter...
Feb 01, 2024•16 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: Microsoft and Alphabet, two rivals in AI software and cloud computing, delivered mostly good news in their reports, but still elicited a ho-hum from investors. Elon Musk's $55 billion pay package at Tesla has been struck down by a Delaware judge after a shareholder challenged it as excessive, a ruling that would take a giant bite out of Musk's wealth and put the fate of his companies in question. UBS cut a ...
Jan 31, 2024•20 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Joe Biden's administration is seeking a response to the deadly attack on US forces in Jordan that's tough enough to deter Iran and its proxies without sparking direct warfare with the Islamic Republic, according to officials and experts. (2) As many as 10% of the UN relief agency's 12,000 workers in the Gaza Strip were members of the militant groups Hamas and Palestinian Islamic Jihad, accordi...
Jan 30, 2024•16 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) US President Joe Biden faces intensifying pressure to confront Iran directly after the country's proxies killed three American soldiers in a drone strike in Jordan over the weekend, risking precisely the wider regional conflict that he's trying to avoid. (2) China's Evergrande Group has received a liquidation order from a Hong Kong court, setting off what's likely to be a daunting process to carve up on...
Jan 29, 2024•16 min
Many shoppers in the Middle East, as well as in Muslim nations like Pakistan are shunning big foreign brands, driven by a wellspring of anger against Western countries for their support of Israel during the war with Hamas. In this special podcast, Bloomberg reporters Leen Al-Rashdan and Salma El Wardany discuss the effects of the boycott movements, speak to those who’ve changed their spending habits, and to businesses who’ve seen an increase in sales as consumers make the switch to more local br...
Jan 28, 2024•13 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 Apple earnings and look ahead to the Fed Meeting In the UK - we look ahead to the Bank of England rate decision In Asia - we talk a look at the over picture of the Chinese economy See omnystudio.com/listener for privacy information.
Jan 27, 2024•39 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Apple is embarking on a historic overhaul of its iOS, Safari and App Store offerings in the European Union, aiming to placate regulators set to impose tough new antitrust rules. (2) The US has pulled further ahead of China in the race for world's biggest economy, thanks in part to a vibrant American consumer. (3) Intel Corp. tumbled in late trading after delivering a disappointing forecast on Thursday, ...
Jan 26, 2024•21 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Tesla CEO Elon Musk said that he can see the next "major growth wave" approaching, in the form of a new, low-cost car later next year. Investors unwilling to wait until then pushed the stock down. (2) US aviation regulators ordered Boeing to halt further production-rate increases for its 737 Max aircraft even as they cleared the way for a version of the jet involved in a near-calamity to return to the s...
Jan 25, 2024•17 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: Former President Donald Trump won the New Hampshire primary, dealing a blow to his only remaining major rival Nikki Haley and solidifying his status as the Republican party's likely nominee. Alaska Air found loose bolts on "many" of its Boeing 737 Max 9 aircraft following the midair blowout of a panel on one of its planes earlier this month, the carrier's chief executive officer said in an interview with NB...
Jan 24, 2024•16 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The US and UK launched new airstrikes against eight Houthi targets in Yemen on Monday, the latest salvo in an allied effort to stop the group from harassing commercial shipping in the Red Sea. (2) Despite a flailing economy and political rifts, Israelis are mobilizing against what they see as an existential threat. (3) China's considering a 2 trillion yuan ($278 billion) package to stabilize the stock m...
Jan 23, 2024•19 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Ron DeSantis dropped out of the 2024 US presidential race on Sunday and endorsed front runner Donald Trump, narrowing the Republican field to two major candidates ahead of the closely watched New Hampshire primary on Tuesday. (2) Billionaire money managers Chris Hohn and Ken Griffin led hedge funds to deliver one of the best years for clients in 2023. The industry produced combined gains worth $218 bill...
Jan 22, 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 Netflix earnings and look ahead to inflation data In the UK - We look ahead to the first European Central Bank meeting of the year In Asia - will the Bank of Japan end the World's last negative interest rate In Washington - we head to New Hampshire for the country's first primary election of the 2024 Presidential race. See omnystudio.com/listener for privacy ...
Jan 20, 2024•34 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The Chancellor Jeremy Hunt has told Bloomberg that Britain is a safe harbour for investors in an increasingly unstable world. Speaking on the sidelines of the World Economic forum in Davos, Hunt also hinted at tax cuts in the March budget as a way to deliver growth. (2) Houthi militants in Yemen fired missiles at an American-owned commercial vessel on Thursday, the same day President Joe Biden acknowled...
Jan 19, 2024•22 min
On today's podcast: (1) The Pakistani military carried out targeted strikes against militant hideouts in Iran after Tehran launched similar attacks the day before, in an escalation of tensions. (2) The US launched another round of strikes on Yemen's Houthis overnight as the Iran-backed militant group continues to roil global shipping markets with attacks around the Red Sea. (3) Apple was slighted by Netflix, which said it's not bothering to make an app for the Vision Pro just weeks ahead of the ...
Jan 18, 2024•17 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Confidence in the resilience of the global economy is cheering up the Davos crowd against a backdrop of war and prospective political upheaval in the year ahead. (2) Data released Wednesday presented a mixed bag for China's economy, which hit an official growth target for the year but has failed to shake off several of the problems most persistently weighing on domestic demand and confidence. (3) Federa...
Jan 17, 2024•21 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Donald Trump tightened his grip on the Republican presidential nomination after Iowa voters delivered him a victory in Monday's caucuses and moved him one step closer to returning to the White House. (2) Houthi militants hit a US-owned commercial vessel with an anti-ship ballistic missile on Monday, underscoring warnings that the world's most important trade artery remains too risky for navigation. (3) ...
Jan 16, 2024•16 min
On today's podcast: (1) UK police said they arrested six people over a plot to target the London Stock Exchange. Activists from the Palestine Action group were allegedly planning to cause damage to the LSE and to prevent the building from opening for trading Monday morning, the Met said in a statement. (2) UK Prime Minister Rishi Sunak will address Parliament on Monday after his government said it's ready to carry out further strikes on Houthi targets in Yemen if the group continues to attack co...
Jan 15, 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 the week's upcoming economic data, including retail sales. In the UK - we look ahead to the World Economic Forum in Davos In Asia - we discuss the current climate for chipmakers in China In Washington - with the Iowa caucuses right around the corner, new polling suggests that the Republican race is tightening. See omnystudio.com/listener for privacy informati...
Jan 13, 2024•34 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The US and UK launched airstrikes on more than 60 Houthi rebel targets in Yemen, sparking vows of retaliation and a rise in oil prices after weeks of attacks in the Red Sea disrupted commercial shipping. (2) Oil jumped as the US and allies launched airstrikes against Houthi rebels in Yemen, stepping up retaliation for attacks on ships in the Red Sea that have imperiled flows of fuel and goods through th...
Jan 12, 2024•20 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) US regulators have for the first time approved exchange-traded funds that invest directly in Bitcoin. The approvals mark a rare capitulation by the SEC following opposition that lasted for more than a decade. (2) President Joe Biden's administration is backing legislation that would let it seize some of $300 billion in frozen Russian assets to help pay for reconstruction of Ukraine. (3) Barclays said th...
Jan 11, 2024•16 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) A highly anticipated decision by the US Securities and Exchange Commission on whether to approve a spot-Bitcoin exchange-traded fund quickly morphed into a major cybersecurity incident on Tuesday. (2) Boeing CEO Dave Calhoun fought back tears as he said the plane maker must own up to its shortcomings as it grapples with a safety incident that has renewed questions over the quality of its manufacturing. ...
Jan 10, 2024•13 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) United Airlines says it found loose bolts in multiple Boeing 737 Max jets and Alaska Air indicated some loose hardware was visible on its fleet during checks following the latter's midair blowout. (2) US Secretary of State Antony Blinken says Houthi militants in Yemen must know they'll face "consequences" for continued attacks on ships in the Red Sea, even as a top regional leader warned against militar...
Jan 09, 2024•16 min
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The grounding of Boeing Co.’s 737 Max 9 has quickly gathered pace, with carriers from the US to Panama to Turkey pulling the model from service for inspections after a fuselage section on a brand-new Alaska Airlines jet blew out during flight. (2) US congressional leaders announced a $1.59 trillion deal on spending for the current fiscal year, lessening the chances of a partial government shutdown on Ja...
Jan 08, 2024•20 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 - As earnings season kicks off , we preview what we can expect from some of Wall Street's biggest banks. In the UK - The economic trajectory will be back in focus in the coming days - as a batch of data will help tell us whether Britain may avoid a recession . A recent survey of company executives highlighted their pessimism about the outlook - despite the encouraging sig...
Jan 06, 2024•34 min
