UK Turmoil Hits Pound, Trump-Xi Play Nice, Powell’s Term Ends, $100k A Day Wealth Tax

UK Turmoil Hits Pound, Trump-Xi Play Nice, Powell’s Term Ends, $100k A Day Wealth Tax

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) A potential challenge to UK Prime Minister Keir Starmer’s leadership from one of the nation’s most popular Labour Party politicians sent the pound tumbling by casting doubt on the future of his government and its efforts to rein in the national debt.

(2) US President Donald Trump signaled China is willing to support negotiations with Iran, as he pushes for a diplomatic resolution to end the war and reopen the Strait of Hormuz, after a commercial vessel was apparently seized near the United Arab Emirates.

(3) Governing Council member Yannis Stournaras warned that the European Central Bank could be forced to hike borrowing costs if the price of oil maintains its current level, according to Athens News Agency.

(4) Federal Reserve Governor Stephen Miran said he will resign from the central bank effective once incoming Chair Kevin Warsh is sworn into office, or shortly before.

(5) Nvidia shares rose on Thursday, extending a 20% rally over the past seven days as investors plow into the chipmakers profiting from a flood of investment spending on artificial intelligence.

See omnystudio.com/listener for privacy information.

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Episoder(1210)

Daybreak Weekend: US Jobs, Germany Elections, South Korea Inflation

Daybreak Weekend: US Jobs, Germany Elections, South Korea Inflation

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28 Aug 37min

Kevin Warsh Takes Center Stage, France’s Debt Divide, America Bets on English Football

Kevin Warsh Takes Center Stage, France’s Debt Divide, America Bets on English Football

Your morning briefing. All the news you need to start your day.On today's podcast:(1) A chorus of investors is urging Federal Reserve Chairman Kevin Warsh to provide a strong rebuke of high inflation ...

28 Aug 22min

Nvidia Reignites AI Rally, Iran-Oman Hormuz Deal, The Free Money Test

Nvidia Reignites AI Rally, Iran-Oman Hormuz Deal, The Free Money Test

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Nvidia, the chipmaker at the heart of the artificial intelligence boom, gave a bullish sales outlook for fiscal 20...

27 Aug 19min

Hormuz Talks, A Trade War of Words, Ceuta's Aftermath

Hormuz Talks, A Trade War of Words, Ceuta's Aftermath

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an “interim framework” ...

26 Aug 22min

Washington's China Collision Course, Burnham Exclusive, The AI Hiring Era

Washington's China Collision Course, Burnham Exclusive, The AI Hiring Era

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran as pa...

25 Aug 16min

Canada's US Trade War, Bessent's 'Economic D-Day', Bonds Brace for Warsh

Canada's US Trade War, Bessent's 'Economic D-Day', Bonds Brace for Warsh

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Prime Minister Mark Carney’s government sees little chance of resuming talks with President Donald Trump before th...

24 Aug 17min

Daybreak Weekend: Jackson Hole, France Conference, Tokyo CPI

Daybreak Weekend: Jackson Hole, France Conference, Tokyo CPI

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to Fed Chair Kevin Warsh’s speech in Jackson Hole a...

21 Aug 38min

Stock Bubble Warning, France Deficit Blowout Risk, Poland’s $1T Problem

Stock Bubble Warning, France Deficit Blowout Risk, Poland’s $1T Problem

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US equity market is in bubble territory, with metrics such as the Shiller cyclically adjusted price-to-earning...

21 Aug 23min

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