Daybreak Weekend: Nvidia Preview, Poland Election, BOK Decision
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 GDP and personal spending data, and Nvidia earnings. In the UK – a look ahead to Poland's Presidential run off election. In Asia – a look ahead to the upcoming Bank of Korea decision. See omnystudio.com/listener for privacy information.
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38:35
Harvard Foreign Student Ban 'Stuff Of Tyranny', Tax Bill Unsettles Bond Market
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The Trump Administration blocked Harvard University from enrolling international students, delivering a major blow to the school and escalating its fight with elite colleges to unprecedented levels. (2) Former US Treasury Secretary Lawrence Summers blasted the Trump administration’s decision to block Harvard University from enrolling international students, calling on the institution to fight back. (3) The US Supreme Court shielded the Federal Reserve from Donald Trump’s push to fire top officials at independent federal agencies, in a decision likely to quell concerns that the president might move to fire Jerome Powell. (4) President Donald Trump cut a deal with blue-state Republicans on taxes and put down an 11th-hour rebellion by conservatives over spending to get his “one big, beautiful bill” passed by the House. (5) European Central Bank President Christine Lagarde warned that international trade will be changed forever by the tensions over tariffs, even as the world’s leading economies edge toward some compromises. (6) Apple is aiming to release smart glasses at the end of next year as part of a push into AI-enhanced gadgets, but it has shelved plans for a smartwatch that can analyze its surroundings with a built-in camera. Podcast Conversation: Meet the Chefs Creating Incredible, Innovative Caribbean Food in LondonSee omnystudio.com/listener for privacy information.
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16:31
Trump 'Ambushes' Ramaphosa, Israeli Embassy Staff Killed in Washington, US Bond Warning
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Cyril Ramaphosa came to the White House looking to persuade President Donald Trump to stop floating the conspiracy theory that there’s a genocide against White people in South Africa. Instead, the man who’d helped negotiate the end of apartheid walked into a trap. (2) Two members of the Israeli embassy’s staff were fatally shot outside the Capital Jewish Museum in Washington on Wednesday night, Homeland Security Secretary Kristi Noem said. (3) The UK urged its Group of Seven allies to agree a cut to the price cap on Russian oil, saying the move is necessary to put further pressure on President Vladimir Putin to end Russia’s war in Ukraine. (4) In the world’s biggest bond market, investors are pushing back against President Donald Trump’s tax-cut plan. (5) Britain’s Labour government will make its sharpest U-turn since returning to power by limiting cuts to pensioners’ subsidies, as it puts the electoral threat posed by Nigel Farage ahead of lingering concern about the public finances. Podcast Conversation: As F1 Has Grown in the US, So Has the Market for MemorabiliaSee omnystudio.com/listener for privacy information.
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17:11
Israel-Iran Strike Report, G-7 Mull China Tariff, Elon Musk Exclusive
Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Oil jumped following a CNN report that new US intelligence suggests Israel is preparing for a potential strike on Iranian nuclear facilities. (2) European and UK officials ratcheted up pressure on Israel over its latest offensive in Gaza, expanding the international outcry over the humanitarian crisis caused by the conflict. (3) Canadian Finance Minister Francois-Philippe Champagne said Group of Seven countries have started discussing tariffs on oversupplied, low-value Chinese products. (4) Elon Musk said he’s committed to still leading Tesla five years from now and expects to pare back his political spending, assuaging some investors’ concerns about the future of his most valuable company. (5) UK Chancellor of the Exchequer Rachel Reeves will hold talks with US Treasury Secretary Scott Bessent this week, as the two countries continue to finalize the details of an agreement to cut tariffs imposed by President Donald Trump’s administration. Podcast Conversation: Start Your Day Like a Boss: What CEOs Listen To on Their CommutesSee omnystudio.com/listener for privacy information.
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27:09
Putin’s Trump Call Win, Britain’s Big EU Reset, Banks Bullish On Europe
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) After two hours talking with Putin, Trump said on social media that Ukraine and Russia would “immediately start negotiations” toward a ceasefire — but possibly without the US. There was no sanctions threat, no demand for a time-line, and no pressure on the Russian leader. (2) Prime Minister Keir Starmer heralded a “landmark deal” between the UK and the European Union on Monday that he billed as a reset moment for relations under his government. Still, with many details unresolved, Brexit never quite seems to be over. (3) Israel will take over the entire Gaza Strip, Prime Minister Benjamin Netanyahu said on Monday, as the military announced it would carry out an “unprecedented attack” on Hamas. (4) The Bank of England is considering ways to loosen post-crisis rules that forced banks to separate their retail and investment banking arms after a number of UK lenders called for the regime’s removal. (5) Washington lawmakers are risking a “fiscal disaster” if a recession hits as they plow on with their package of sweeping tax cuts, according to Guggenheim Securities Co-Chair Jim Millstein. (6) JPMorgan Chase Chief Executive Officer Jamie Dimon warned against complacency in the face of a slew of risks, citing everything from inflation and credit spreads to geopolitics. Podcast Conversation: Nine Travel Products That Will Make Summer Vacation a BreezeSee omnystudio.com/listener for privacy information.
Colombia