Judge Blocks Trump Bid to Fire Cook; President Trump Sues NY Times

Judge Blocks Trump Bid to Fire Cook; President Trump Sues NY Times

On today's podcast:
1) An appeals court blocked the White House from removing Federal Reserve Governor Lisa Cook from her post for now, allowing her to continue working while her lawsuit challenging President Trump’s move to dismiss her proceeds. The court's 2-1 ruling came just hours before the start of the Fed's meeting to vote on interest rates, and President Donald Trump could still ask the Supreme Court to step in.
2) President Trump is bringing a $15 billion defamation and libel lawsuit against The New York Times, according to a post on Truth Social. The suit is being brought in Florida, Trump says. The president accuses the publication of becoming a “mouthpiece” for the Democratic Party, citing its endorsement of former presidential candidate Kamala Harris among other concerns.
3) The Securities and Exchange Commission is "prioritizing" a proposal to reduce the frequency of corporate earnings reports after President Trump called for an end to quarterly reports. Trump said companies should report on a "Six (6) Month Basis" instead of quarterly, which he claims will save money and allow managers to focus on running their companies. Critics argue that shifting away from quarterly reporting could be a "gigantic step backward" and increase uncertainty and volatility on earnings results.

See omnystudio.com/listener for privacy information.

Jaksot(1593)

US-EU Trade Deal Concerns; Trump Responds to Powell Report

US-EU Trade Deal Concerns; Trump Responds to Powell Report

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 cl...

21 Heinä 202516min

Daybreak Weekend:  Tesla Earnings, ECB Decision, Japan Election

Daybreak Weekend: Tesla Earnings, ECB Decision, Japan Election

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 housing data and earnings from Tesla. In the UK – a look...

18 Heinä 202539min

Trump Calls for Release of Epstein Jury Documents; Powell Answers Criticism of Fed Renovations

Trump Calls for Release of Epstein Jury Documents; Powell Answers Criticism of Fed Renovations

On today's podcast: 1) US President Donald Trump authorized the Justice Department to seek the release of grand jury testimony from the prosecution of Jeffrey Epstein, bowing to mounting pressure from...

18 Heinä 202517min

Instant Reaction: Netflix Tops Wall Street Estimates

Instant Reaction: Netflix Tops Wall Street Estimates

While rival media companies are unloading assets and cutting costs, Netflix Inc. continues to thrive. The owner of the world’s most popular paid streaming service on Thursday reported second-quarter r...

17 Heinä 202516min

Trump-Powell Firing Drama Rattles Markets; Senate Passes DOGE Cuts

Trump-Powell Firing Drama Rattles Markets; Senate Passes DOGE Cuts

On today's podcast: 1) President Donald Trump said he’s not planning to fire Jerome Powell, and still managed to make it sound like a threat. 2) Republicans are set to succeed in their decades-long qu...

17 Heinä 202517min

Trump Threatens Drug Tariffs; Hassett Frontrunner For Fed Chair

Trump Threatens Drug Tariffs; Hassett Frontrunner For Fed Chair

On today's podcast: 1) President Donald Trump said he was likely to impose tariffs on pharmaceuticals as soon as the end of the month and that levies on semiconductors could come soon as well, suggest...

16 Heinä 202515min

Nvidia Hits All-Time High; Big Bank Earnings Preview

Nvidia Hits All-Time High; Big Bank Earnings Preview

On today's podcast: 1) Nvidia surges to an all-time high on news it will resume Chip sales to China. US government officials told Nvidia they would green-light export licenses for the H20 artificial i...

15 Heinä 202522min

EU-US Tariff Battle Heats Up; Trump Will Send Air-Defense to Ukraine

EU-US Tariff Battle Heats Up; Trump Will Send Air-Defense to Ukraine

On today's podcast: 1) The EU is preparing to step up its engagement with other countries hit by Donald Trump’s tariffs following a slew of new threats to the bloc and other US trading partners, accor...

14 Heinä 202517min

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