On today's podcast: 1) Federal Reserve Governor Lisa Cook signaled her intention to remain at the central bank, defying calls for her resignation by President Donald Trump over allegations of mortgage fraud. 2) US stock futures pointed to a firmer tone for tech shares on Thursday after days of selling as investors awaited the Federal Reserve’s gathering at Jackson Hole. 3) Vice President JD Vance said negotiations over ending Russia’s war in Ukraine are focused on security guarantees for Ukraine...
Aug 21, 2025•20 min
On today's podcast: 1) After meeting with President Trump separately, Presidents Putin and Zelenskiy could be headed toward a pivotal face-to-face meeting to begin peace talks. But what each side is willing to give up to end the Russia-Ukraine war remains to be seen. 2)Treasury Secretary Scott Bessent indicated the US is satisfied with the current tariff set up with China, a signal the Trump administration is looking to maintain calm with its economic rival before a trade truce expires in Novemb...
Aug 20, 2025•24 min
On today's podcast: 1) President Trump pushes for a Putin-Zelenskiy meeting after yesterday's high stakes gathering at the White House. US and European officials started work on bolstering Ukraine's military as part of a package of security guarantees. The guarantees are aimed at allowing Ukraine to boost troop numbers without limitations, according to people familiar with the matter. 2) The Trump administration considers buying a 10% stake in Intel. The US government and SoftBank Group Corp. se...
Aug 19, 2025•18 min
On today's podcast: 1) Ukrainian President Volodymyr Zelenskiy and European leaders are heading to Washington to meet with President Trump after his Friday summit with Russian President Vladimir Putin. The leaders are looking to find out what President Trump committed to at his summit with Vladimir Putin. 2) Traders look ahead to this week's Federal Reserve's annual retreat in Jackson Hole, Wyoming. Investors are cautious ahead of Jackson Hole, with Fed Chairman Jerome Powell’s speech keenly wat...
Aug 18, 2025•17 min
Bloomberg Daybreak Weekend with Host 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 housing data and retail earnings. In the UK – a look at challenges facing European banking consolidation ahead of an upcoming shareholder vote in Italy. In Asia – a look at Japan CPI, PMI, and trade. See omnystudio.com/listener for privacy information.
Aug 15, 2025•39 min
On today's podcast: 1) Traders are dusting off their geopolitical playbooks ahead of Friday’s meeting between Donald Trump and Vladimir Putin, looking for any signs as to how the outcome will shape the future direction of markets. 2) Warren Buffett’s Berkshire Hathaway Inc. bought shares of UnitedHealth Group Inc. in the second quarter, sending the health insurer’s stock soaring in post-market trading. 3) The Trump administration is in talks with Intel Corp. to have the US government take a stak...
Aug 15, 2025•17 min
The Trump administration is in talks with Intel Corp. to have the US government potentially take a stake in the beleaguered chipmaker, according to people familiar with the plan, in the latest sign of the White House’s willingness to blur the lines between state and industry. The deal would help shore up Intel’s planned factory hub in Ohio, said the people, who asked not to be identified because the deliberations are private. The company had once promised to turn that site into the world’s large...
Aug 14, 2025•13 min
On today's podcast: 1) President Donald Trump warned he would impose “very severe consequences” if Vladimir Putin didn’t agree to a ceasefire agreement later this week, following a call with European leaders ahead of his meeting with the Russian president. 2) Wall Street traders kept piling into bets that the Federal Reserve will soon be able to cut interest rates, with stocks hitting all-time highs and Treasury yields falling alongside the dollar. 3) Cisco Systems Inc., the largest maker of mac...
Aug 14, 2025•17 min
On today's podcast: 1) Ukrainian President Volodymyr Zelenskiy said he won’t cede the eastern region of Donbas to Russia and pushed for Kyiv to be included in talks as the US and Russian leaders prepare to meet on Friday. 2) European stocks advanced as risk-on sentiment, fueled by mounting expectations of Federal Reserve interest rate cuts, continued to lift global equity markets and push bond yields lower. 3) Treasury Secretary Scott Bessent suggested that the Federal Reserve ought to be open t...
Aug 13, 2025•17 min
On today's podcast: 1) China has urged local companies to avoid using Nvidia Corp.’s H20 processors, particularly for government-related purposes, complicating the chipmaker’s attempts to recoup billions in lost China revenue as well as the Trump administration’s unprecedented push to turn those sales into a US government windfall. 2) President Donald Trump extended a pause of higher tariffs on Chinese goods for another 90 days into early November, stabilizing trade ties between the world’s two ...
Aug 12, 2025•17 min
On today's podcast: 1) Donald Trump plans to meet Russian President Vladimir Putin in Alaska as the US president looks to broker an agreement that will bring an end to the war in Ukraine. 2) Nvidia Corp. and Advanced Micro Devices Inc. agreed to pay 15% of their revenues from Chinese AI chip sales to the US government in a deal to secure export licenses, an unusual arrangement that may unnerve both US companies and Beijing. 3) US President Donald Trump said he hopes China will massively step up ...
Aug 11, 2025•17 min
While discussions of US tariff policies dominated Q2 earnings calls to an unprecedented degree, another equally important trend is bubbling just under the surface in C-suites and on trading floors: concern that the economic uncertainty caused by tariff turmoil may lead to a downturn. That’s the conclusion of the third edition of the CEO Radar—a tool to help CEOs determine which issues truly deserve their time and attention. It unpacks the leading topics discussed on more than 4,500 earnings call...
Aug 10, 2025•15 min
Bloomberg Daybreak Weekend with Guest Host Amy Morris take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S CPI, PPI, and retail sales data, along with Cisco earnings. In the UK – a look at Europe’s renewable energy sector and Vestas earnings. In Asia – a look at ahead to the next RBA decision, and the impact of chip tariffs. See omnystudio.com/listener for privacy information....
Aug 08, 2025•38 min
On today's podcast: 1) Israel's security cabinet approves a military takeover of Gaza City. Israeli Prime Minister Benjamin Netanyahu secured cabinet approval for a military takeover of Gaza City, described as part of a final push to topple Hamas. The decision marks an escalation in the conflict, with the Israel Defense Forces preparing to seize Gaza City while providing humanitarian aid to the civilian population outside combat zones. 2) President Trump makes a surprise move as he tries to resh...
Aug 08, 2025•17 min
1) President Trump's tariffs take effect at their highest levels since World War 2. President Trump’s actions will push the average US tariff rate to 15.2%, according to Bloomberg Economics estimates, with some countries facing duties as high as 50%. The president has pledged that the tariffs will slash trade deficits and push companies to move manufacturing back to the US, but his critics say they could cause inflation to spiral out of control and cause shortages on store shelves. 2) The Kremli...
Aug 07, 2025•17 min
On today's podcast: 1) President Donald Trump said he’d impose increased tariffs on countries buying energy from Russia while clarifying that levies on semiconductor and pharmaceutical imports would be announced “within the next week or so.” 2) President Donald Trump said he would make his decision on a replacement for outgoing Federal Reserve Governor Adriana Kugler this week as he looks to make his imprint on the central bank’s monetary policy. 3) The White House is racing to beat another self...
Aug 06, 2025•17 min
On today's podcast: 1) President Donald Trump said he would be “substantially raising” the tariff on Indian exports to the US over the Asian nation’s purchases of Russian oil, a move New Delhi slammed as unjustified in an escalating fight between the two major economies. 2) Texas Governor Greg Abbott ordered the arrest of Democratic lawmakers who left the state to block a controversial vote on new congressional maps. 3) Palantir Technologies Inc. reported a 48% increase in revenue for the second...
Aug 05, 2025•17 min
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) Workers at Boeing Co.’s St. Louis-area defense factories are striking for the first time in almost three decades after union members rejected the company’s modified contract offer. 3) US Trade Representative Jamieson Greer sounded a cautiousl...
Aug 04, 2025•17 min
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....
Aug 01, 2025•39 min
On today's podcast: 1) Markets take a hit as President Trump unleashes a wave of new tariff rates. The world is facing some of the steepest US tariffs since the 1930s, with an average of 15%, according to the text. So far, the global economy has held up better than many economists expected after Trump’s initial tariff blitz. A rush to beat the elevated rates spurred a front-loading of exports, aiding many Asian economies and shielding US consumers from price spikes. 2) Shares of Amazon sell off ...
Aug 01, 2025•23 min
On today's podcast: 1) Tech stocks surge after blowout quarters by Microsoft and Meta, and more Mag 7 earnings on tap as Apple and Amazon report today. Microsoft shares gained more than 8% in after-hours trading while Meta jumped more than 11% after both pledged to spend lavishly on artificial intelligence. Stocks rose in early trading as upbeat earnings helped drive optimism over resilient corporate profits. 2) Fed Chair Jay Powell bucks pressure from the White House and two dissenters to leave...
Jul 31, 2025•22 min
On today's podcast: 1) 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 con 2) Stocks struggled in the hours before Wednesday’s Federal Reserve interest-rate decision as traders tackled a heavy load of major company earnings. 3) Four-foot (1.2-meter) tsunami waves were recorded in Hawaii, while remote parts of California also braced for impact after a powerful earthquake in Russia’s Far Ea...
Jul 30, 2025•17 min
On today's podcast: 1) Work was winding down at 345 Park Avenue on Monday when a man strode across the public plaza just outside the Midtown Manhattan tower with an assault rifle in his hand.Within minutes, at least four people were dead, as well as the gunman, in a mass shooting in the epicenter of American finance. The harrowing scene unfolded in the 44-story, dark-glass tower that houses the offices of private equity giant Blackstone Inc., consultant KPMG, the National Football League and bui...
Jul 29, 2025•25 min
On today's podcast: 1) The US and European Union agreed on a hard-fought deal that will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy. 2) US and Chinese officials are meeting Monday to extend their tariff detente beyond a mid-August deadline, and haggle over other ways to further defuse trade tensions. 3) Wall Street pros are staring down a pivotal week that will likely set the to...
Jul 28, 2025•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 look ahead to a monetary policy decision from the Fed and earnings from some of the “Magnificent Seven” tech companies. In the UK – a look at President Trump’s trip to Scotland. In Asia – a look at ahead to China PMI data and a conversation on Asia tech investing. See omnystudio.com/listener for privacy information....
Jul 25, 2025•38 min
On today's podcast: 1) Federal Reserve Chair Jerome Powell is smack in the middle of one of President Donald Trump’s preferred attack strategies — flooding the zone. 2) Intel Corp. tumbled in late trading after Chief Executive Officer Lip-Bu Tan sparked concerns that he was more focused on cost cutting than restoring the chipmaker’s technological edge. 3) Paramount Global’s merger with Skydance Media was approved by the US Federal Communications Commission, which backed the deal after the Trump ...
Jul 25, 2025•17 min
1) US President Donald Trump suggested that he would not go below 15% as he sets so-called reciprocal tariff rates ahead of an Aug. 1 deadline, an indication that the floor for the increased levies was rising. 2) Donald Trump will personally visit the Federal Reserve Thursday to tour a construction site he’s criticized for cost overruns amid his escalating attacks on Fed Chair Jerome Powell for not cutting rates.The White House announced the visit in the release of the president’s daily public s...
Jul 24, 2025•16 min
On today's podcast: 1) President Donald Trump reached a trade deal with Japan that will impose 15% tariffs on imports including automobiles from the key American ally, while creating a $550 billion fund to make investments in the US. 2) Microsoft Corp. warned that Chinese state-sponsored hackers are among those exploiting flaws in its SharePoint software to break into institutions globally, with the US agency responsible for designing nuclear weapons now among those breached. 3) The record-break...
Jul 23, 2025•17 min
On today's podcast: 1) Treasury Secretary Scott Bessent said in a social media post Monday that there should be a review of the decision to renovate parts of the Federal Reserve headquarters in Washington. 2) A cohort of the world’s largest asset managers is leaning harder into the rally in risk assets as US stocks push to fresh highs, defying persistent trade and geopolitical tensions. 3) Japan’s chief trade negotiator Ryosei Akazawa met with US Commerce Secretary Howard Lutnick on Monday as an...
Jul 22, 2025•17 min
On today's podcast: 1) The European Union prepares for the worst as it races to secure a trade deal with the US. European Union and US negotiators are heading into another week of intensive talks to clinch a trade deal by Aug. 1, when US President Trump has threatened to hit most EU exports with 30% tariffs. 2) Microsoft rushes to fix a widespread cyberattack on its server software. Microsoft's server software was exploited by unidentified hackers, with analysts warning of widespread cybersecuri...
Jul 21, 2025•17 min
