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(1602)

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One-Time Rivals Praise Trump at RNC; Trump Speaks to Bloomberg

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Trump Makes Grand Entrance at RNC;  Taps Vance as Running Mate

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On today's podcast: 1) Trump Makes Grand Entrance With Bandaged Ear After Shooting 2) Trump Taps Vance as Running Mate, Picking Populist Protege 3) Biden Says ‘Open Question’ If Secret Service Erred i...

16 Heinä 202417min

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Former President Donald Trump said he was shot in the right ear after gunfire erupted at his political rally in Butler, Pennsylvania. We get instant reaction with Bloomberg's Amy Morris. See omnystudi...

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US Retail Sales, Netflix Preview

US Retail Sales, Netflix Preview

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 preview of U.S Retail sales and Netflix earnings. In the UK – a look ...

13 Heinä 202438min

Biden Vows to Stay in Race Despite Gaffes; Bank Earnings

Biden Vows to Stay in Race Despite Gaffes; Bank Earnings

On today's podcast: 1) Biden Vows to Stay in 2024 Race Even as Gaffes Threaten Campaign 2) Wall Street Awaits Bank Earnings 3) Boeing Warns Customers of Further Delays on 737 Max Amid CrisisSee omnyst...

12 Heinä 202417min

Pressure Grows on Biden to Drop Out; Key Inflation Reading

Pressure Grows on Biden to Drop Out; Key Inflation Reading

On today's podcast: 1) Pressure on Biden Mounts as Senate Democrat Calls for New Ticket 2) Inflation Data to Bolster Case for Fed Rate Cut in September 3) Archegos’ Bill Hwang Convicted of Fraud, Mark...

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