Last month the European Central Bank confirmed it would raise interest rates 25 basis points at its next policy meeting. Well, that meeting is this Thursday. We explore what the ECB's first rate hike in over a decade may or may not do to fight inflation. Also on today's show: This is a huge week for Netflix, which will report its second-quarter earnings tomorrow. It's shaping up to be one of the most consequential moments in the 25-year history of the company. To learn more about how CNN protect...
Jul 18, 2022•48 min
China, which boasts the world's second largest economy, reports surprisingly weak growth for the second quarter, providing a worrisome jolt for everyone concerned we're headed toward a global recession. Plus, we have more big US banking results. And, a live report from CNN's Becky Anderson in Saudi Arabia, where President Biden is scheduled to meet with Mohammed bin Salman. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcas...
Jul 15, 2022•47 min
President Joe Biden kicked off his four-day Middle East trip by signing a landmark agreement with Israel. The joint declaration with Prime Minister Yair Lapid emphasizes the US's deepening ties with Israel, embraces Israel's integration into the wider region, and promises to never allow Iran to obtain nuclear weapons. Next stop for Biden: a controversial face-to-face with Saudi Arabia's Mohammed bin Salman. Our extensive coverage of this crucial trip begins with a live report by CNN's Becky Ande...
Jul 14, 2022•47 min
Brand new inflation numbers show the Consumer Price Index rose a much hotter than expected 9.1% year over year rate last month. The core rate of that CPI number that excludes volatile food and energy prices also came in higher than expected. If there's any consolation it's that today's numbers are relatively backward looking, not recent enough to catch the significant drop that we've seen in US gas prices over the last few weeks. That said, all the recent talk we may be near an inflationary top ...
Jul 13, 2022•38 min
t's a somber day in Japan, as the nation pays final respects to Shinzo Abe. We bring you a live report from Tokyo. Plus, we focus on Sri Lanka's worsening economic crisis, which led to the falls of both of its leaders. We hear from a former finance minister and opposition MP about a way forward for the country. And, rising Covid cases in China are sparking fears of further economic restrictions. Macau casinos are now being forced to shut down for a week, triggering a steep fall in gaming stocks....
Jul 12, 2022•48 min
Japan remains in a state of mourning and disbelief after the death of former Prime Minister Shinzo Abe. His wake took place today in Tokyo with the funeral service set for Tuesday. Following the shooting, Abe's Liberal Democratic Party won a landslide election victory. We discuss his life's work and what this election might mean for his economic and political legacy with Tak Niinami, the CEO of beverage giant Suntory, who served as Abe's senior economic adviser. To learn more about how CNN prote...
Jul 11, 2022•47 min
Japanese citizens are in shock following the death of Shinzo Abe after the former prime minister was shot during a campaign speech. Police say the assassination suspect, a 41-year-old unemployed man, admitted to shooting Abe. According to police, the suspect said he holds hatred toward a certain group, which he thought Abe was linked to. He used a homemade gun in the shooting, and authorities confiscated several handmade pistol-like items from his apartment, police said. Abe was the longest-serv...
Jul 08, 2022•48 min
UK Prime Minister Boris Johnson announced his resignation as leader of the Conservative party on Thursday, telling the British public that "the process of choosing that new leader should begin now and the timetable will be announced next week." Johnson indicated in his resignation speech that he plans to remain in post until a successor is chosen. That's what would happen under normal circumstances: a prime minister who has resigned as party leader stays in office as caretaker prime minister unt...
Jul 07, 2022•48 min
British leader Boris Johnson once again vows to fight on despite the resignations yesterday of two of his top ministers who said they could no longer work for a government mired in scandal. This latest challenge comes as the British pound is at its weakest in two years. Can the embattled PM survive yet another blow? CNN correspondent Max Foster joins the show from London to discuss. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Vis...
Jul 06, 2022•46 min
European markets began today under some serious pressure. The catalyst: a strike by energy workers in Norway, western Europe's number one oil and gas producer. That strike is set to take a big chunk out of Norway's gas output this week at a highly fragile time with the EU already facing the threat of Russia abruptly turning off supplies and potentially pushing vital industries into crisis. And that's not the only strike causing disruption in Europe. We have all of that and much more covered in t...
Jul 05, 2022•48 min
Vladimir Putin is praising his country's military after it took full control of the Luhansk region in eastern Ukraine. That was after Ukrainian forces withdrew from the city of Lysychansk after the weekend. But Ukrainian President Volodymyr Zelensky was defiant when he spoke to the nation on Sunday. CNN's Scott McClane joins the show live from Kyiv to separate fiction from reality. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visi...
Jul 04, 2022•47 min
In his second day of testimony on Capitol Hill, Jerome Powell lends more credence to predictions of an economic hard landing, saying the Fed is "not trying to provoke" a recession but it's "certainly a possibility." That's exactly what major Wall Street bans have been telling us for months. Meanwhile, the energy crisis in Europe is accelerating, with Germany running short of natural gas, forcing it to escalate an emergency energy program. To learn more about how CNN protects listener privacy, vi...
Jul 01, 2022•47 min
Investors are gearing up for the second half of the year after a challenging six months. 2022 has been the worst year since 1962, while the S&P posted its biggest six-month decline since 1970. Investors continue to worry about the same issues: rising prices, recession fears and Russia's war in Ukraine. Will we see fireworks ahead of Independence Day? CNN Business Correspondent Rahel Solomon shares her expectations for the rest of the year. To learn more about how CNN protects listener privac...
Jul 01, 2022•47 min
There is no new episode of the First Move showcast. If you haven’t already, please check out CNN’s other podcasts and showcasts at cnn.com/audio . To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices
Jun 30, 2022•2 min
Following yesterday's announcement that Turkey has agreed to support Finland and Sweden's bids to join NATO, the alliance today formally invited the two countries to become members. In his opening remarks at the 2022 NATO summit, leader Jens Stoltenberg discussed the alliance's new "Strategic Concept," which he said reflects the "new security reality, with Russia's brutal war shattering peace in Europe, along with a more dangerous and more complex set of threats, from terrorism to disruptive tec...
Jun 29, 2022•43 min
It's the final day of the G7 summit in Germany, with the meetings expected to focus on keeping critical military and economic aid flying to Kyiv as the battle for eastern Ukraine intensifies and Russia steps up its attacks on innocent civilians. Meanwhile, the economic consequences of war and sanctions are on full display in Russia, with Moody's ruling Monday the country is formally in default for the first time in more than a century. The White House says that's proof that western sanctions aga...
Jun 28, 2022•50 min
Friday's Supreme Court decision overturning the constitutional right to abortion in the United States is reverberating across the world. Major US firms from Disney to JPMorgan and Apple are promising to provide financial support to workers who may need to travel for health care in other states. But what about small or business employees who are clearly hearing warnings about the economic impact of that Supreme Court decision? One study suggests denying women access to abortion will be damaging f...
Jun 27, 2022•47 min
Ukrainian forces are withdrawing from the key city of Severodonetsk, effectively ceding the city to Russia and putting the eastern Ukrainian region of Luhansk almost fully under Russian control following months of grueling and bloody fighting. CNN's Salma Abdelaziz reports live from Kyiv. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices...
Jun 24, 2022•50 min
The first day of summer was a sunny one on Wall Street, with US stocks posting their best gains in almost a month. However, things quickly turned stormy in today's early trading as investors fear global interest rate hikes will slow economies and weaken demand. Citigroup says the chance of a global recession is now close to 50%. Meanwhile, President Biden will speak today on his proposed gas tax holiday. Our extensive coverage begins with CNN's Rahel Solomon. To learn more about how CNN protects...
Jun 22, 2022•39 min
Wall Street seemed set to begin this short trading week with solid gains on the first day of summer in the northern hemisphere. That would certainly provide solace for investors still reeling after last week's precipitous drops, not to mention the continued recession warnings from the likes of Goldman Sachs and Elon Musk. The latter opined that a recession is more likely than not. And US Treasury Secretary Janet Yellen warns prices will remain unacceptably high through the rest of the year. Juli...
Jun 21, 2022•47 min
US stock markets are closed Monday in honor of the Juneteenth holiday, providing investors a brief but perhaps welcome respite from last week's wild ride. Alas, there's no relief for Ukraine as Russia's invasion continues. And it's that ongoing war where our coverage begins today. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices...
Jun 20, 2022•47 min
Following a torturous Thursday for the US stock market, stocks began Friday in positive territory. We take an in-depth look back at a remarkably challenging week for global markets, as well as a look ahead to what we can expect in the future. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices...
Jun 17, 2022•47 min
As expected, the US Federal Reserve yesterday implemented a king-size rate hike of .75%. The European Central Bank is following suit with a queen-size .25% increase. US stocks rallied after the Fed's move. Is that confirmation that the Fed is now serious about tackling soaring prices? CNN's Christine Romans joins the show to discuss. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices...
Jun 16, 2022•47 min
A cornucopia of central bank action is taking place today. The main event: a rate hike decision from the Federal Reserve followed by a news conference by Chairman Jerome Powell. He's expected to confirm what the Fed strategically implied to a few select reporters earlier this week: a rate rise of .75%. Not to be outdone, the European Central Bank has announced an emergency meeting at which they will "apply flexibility and is working on an instrument to address rising bond yields in some member c...
Jun 15, 2022•47 min
Following a miserable Monday that finished with the S&P 500 in bear market territory, all eyes are on the Federal Reserve. Goldman Sachs says they expect a three-quarter percent rate hike at tomorrow's meeting. If that prediction is correct, it would be the biggest one-day hike in borrowing costs since 1994. And that, of course, is going to have a clear impact on consumer activity and market mentality. Julia and her guests have it all covered in today's show. To learn more about how CNN prot...
Jun 14, 2022•48 min
There is no new episode of the First Move showcast. If you haven’t already, please check out CNN’s other podcasts and showcasts at cnn.com/audio . To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices
Jun 13, 2022•2 min
While for many around the world, summer is just around the corner. But for US consumers, the heat is already on. Red-hot inflation numbers just released show the US Consumer Price Index rose a worse-than-expected 8.6% on a year-over-year basis, driven by continued spikes in food and energy prices. CNN's Rahel Solomon walks us through the numbers. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices...
Jun 10, 2022•47 min
The European Central Bank will finally hike interest rates in an attempt to rein in soaring inflation, but not until July. The ECB plans to raise rates by 25 basis points at next month's meeting. It also announced significant cuts to its growth forecast stemming from the war in Ukraine. Anna Stewart, host of CNN's Marketplace Europe, joins Julia to provide more details. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastcho...
Jun 09, 2022•47 min
Ukrainian officials say Severodonetsk in eastern Ukraine is almost entirely decimated but still not under the control of Russian forces. As this episode of First Move opens, CNN reporter Salma Abdelaziz explains why the battle over what has essentially been turned into a wasteland is vitally important. Also on today's show: how the war in Ukraine, China's Covid lockdowns, and rising prices are all weighing on the global economy. To learn more about how CNN protects listener privacy, visit cnn.co...
Jun 08, 2022•47 min
Ukrainian forces continue to defend the key city of Severodonetsk from Russian attacks. Ukrainian officials say the situation there is changing “every hour.” Meanwhile in the Black Sea, the Ukrainian navy says Russian ships have withdrawn 100 kilometers after its missile and drone attacks. Our coverage today begins with a live report from Kyiv. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices...
Jun 07, 2022•48 min
