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(1603)

Daybreak Weekend: U.S Eco Data, World Health Assembly, Asia Trilateral Meeting

Daybreak Weekend: U.S Eco Data, World Health Assembly, Asia Trilateral Meeting

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Market Selloff Ahead of the Holiday; Jensen Huang's Wealth Climb

Market Selloff Ahead of the Holiday; Jensen Huang's Wealth Climb

On today's podcast: 1) The Wall Street Selloff Leads to a Drop Overseas 2) Big Banks are Calling More Staff to the Office 3) Nvidia's CEO Catapults Up the Richest Person ChartSee omnystudio.com/listen...

24 Touko 202416min

Nvidia Sparks Tech Rally; Haley Endorses Trump

Nvidia Sparks Tech Rally; Haley Endorses Trump

On today's podcast: 1) Nvidia Delivers on AI Hopes, Igniting $140 Billion Stock Rally 2) Nikki Haley Says She Will Vote for Donald Trump in November 3) Sunak Fights Election on Economy That’s Only Jus...

23 Touko 202416min

Instant Reaction: Nvidia Forecast Shatters Estimates

Instant Reaction: Nvidia Forecast Shatters Estimates

Nvidia Corp., the chipmaker at the center of an artificial intelligence boom, gave another bullish sales forecast, showing that spending on AI computing remains strong. For instant reaction and analys...

22 Touko 202413min

Voters Concerned About Election Violence; Nvidia Earnings on Tap

Voters Concerned About Election Violence; Nvidia Earnings on Tap

On today's podcast: 1) Half of Swing-State Voters Fear Violence Around US Election 2) Wall Street Awaits Nvidia Earnings 3) Fed’s Collins, Mester Emphasize Need for More Data to Cut Rates  See omnystu...

22 Touko 202416min

Biden Tries Again for Immigration Bill; Chip Plans if China Invades Taiwan

Biden Tries Again for Immigration Bill; Chip Plans if China Invades Taiwan

On today's podcast: 1) Biden Asks GOP Leaders to Resuscitate Immigration Compromise 2) ASML, TSMC Can Disable Chip Machines If China Invades Taiwan 3) JPMorgan’s EO Dimon Says Succession Is ‘Well on t...

21 Touko 202418min

Iran President's Death Leaves Succession Questions; Trump Trial Resumes

Iran President's Death Leaves Succession Questions; Trump Trial Resumes

On today's podcast: 1) Iran President’s Death Leaves Supreme Leader Succession in Focus 2) Stocks Waver While Gold, Copper Surge to Records: Markets Wrap 3) Michael Cohen to Face More Grilling at Trum...

20 Touko 202417min

Daybreak Weekend: Nvidia Earnings, G7 Meeting, Taiwan President

Daybreak Weekend: Nvidia Earnings, G7 Meeting, Taiwan President

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 home sales data and Nvidia earnings. In the UK – a look at...

18 Touko 202438min

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