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)

Trump Tax Bill Passes Key Hurdle; Traders Await June Jobs Report

Trump Tax Bill Passes Key Hurdle; Traders Await June Jobs Report

On today's podcast: 1) President Trump twists arms in Congress to pass his tax cut bill as House Republicans overcome a key hurdle. The House voted 219-213 to move toward a final vote on Trump's "big ...

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Tax Bill Hits Republican Resistance; Trump's Tariff Threats Continue

Tax Bill Hits Republican Resistance; Trump's Tariff Threats Continue

On today's podcast: 1) Donald Trump’s multitrillion-dollar tax bill is running into Republican resistance in the House as moderate and ultraconservative GOP lawmakers threaten to defy the president an...

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Senate Pulls All-Nighter on Tax Bill; Trump Takes Aim at Musk

Senate Pulls All-Nighter on Tax Bill; Trump Takes Aim at Musk

On today's podcast: 1) Senate Republican leaders continue to scrounge for votes to pass Donald Trump’s $3.3 trillion tax and spending bill as lingering intraparty fights threaten to upend the legislat...

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Senate Republicans Race to Finish Tax Cut Bill; Stocks at All-Time Highs

Senate Republicans Race to Finish Tax Cut Bill; Stocks at All-Time Highs

On today's podcast: 1) Senate Majority Leader John Thune is rushing to meet President Donald Trump’s July 4 deadline for pushing through his massive tax and spending bill, but first he has to work thr...

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Daybreak Weekend: Jobs Preview, France Conference, China-Iran Relations

Daybreak Weekend: Jobs Preview, France Conference, China-Iran Relations

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 the June jobs report and commodities outlook. In the UK...

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China Confirms Trade Framework; Stocks on Brink of Record Highs

China Confirms Trade Framework; Stocks on Brink of Record Highs

1) China said it has further confirmed details of a trade framework with Washington, echoing US Commerce Secretary Howard Lutnick’s earlier comments about a US-China agreement that stabilized ties.2) ...

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US-Iran Nuclear Talks; Trump's List to Succeed Fed Chair Powell

US-Iran Nuclear Talks; Trump's List to Succeed Fed Chair Powell

On today's podcast: 1) President Donald Trump said the US would hold a meeting with Iran next week but cast doubt on the need for a diplomatic agreement on the country’s nuclear program, citing the d...

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Mamdani Stuns in NYC Mayoral Primary; Trump Disputes Iran Damage Report

Mamdani Stuns in NYC Mayoral Primary; Trump Disputes Iran Damage Report

On today's podcast: 1) Former New York Governor Andrew Cuomo conceded to his upstart rival Zohran Mamdani in the Democratic primary in the race to become mayor of New York City after the 33-year-old Q...

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