UPDATE: UBS CEO Talks Record Profits, Job Cuts & Apple Tries 3D Printing

UPDATE: UBS CEO Talks Record Profits, Job Cuts & Apple Tries 3D Printing

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UBS smashed banking profit records in the second quarter and announces plans to eliminate about 3,000 Swiss jobs.

(2) The Chinese developer Country Garden has warned that it may default on its debt and raised concerns about staying in business.

(3) Sources tell Bloomberg Apple is testing the use of 3D printers to produce the steel cases for some of its upcoming smart watches.

(4) Elon Musk's social media network X is planning to gather more data from users than ever before.

See omnystudio.com/listener for privacy information.

Episoder(1069)

Biden: China Economy A 'Ticking Time Bomb' & UBS Exits Rescue Deal

Biden: China Economy A 'Ticking Time Bomb' & UBS Exits Rescue Deal

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China's once-top builder turns into a penny stock as Biden calls the country's economy a "ticking time bomb...

11 Aug 202316min

UPDATE: Weight-Loss Drug Demand & A Political Assassination

UPDATE: Weight-Loss Drug Demand & A Political Assassination

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Drugs maker Novo Nordisk gets a boost from its breakthrough weight-loss drug Wegovy. (2) European gas price...

10 Aug 202317min

Gas Prices Surge & Disney Hikes Subscription Prices

Gas Prices Surge & Disney Hikes Subscription Prices

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) European gas prices hit a 17-month high as LNG workers in Australia vote to strike. (2) Disney raises price...

10 Aug 202316min

Five Years of Lost Growth & Banker Bonuses Take A Hit

Five Years of Lost Growth & Banker Bonuses Take A Hit

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK GDP predicted to stay below pre-pandemic levels until 2024. (2) Britain's electoral register hit by a cy...

9 Aug 202315min

UPDATE: Italy's Surprise Bank Tax & US Banks Downgraded

UPDATE: Italy's Surprise Bank Tax & US Banks Downgraded

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Italy's government agrees a new tax on the "extra profits" of banks. (2) Moody's downgrades 10 US banks as ...

8 Aug 202316min

HSBC Faces Political Pressure & A Shock Exit At Tesla

HSBC Faces Political Pressure & A Shock Exit At Tesla

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK Politicians hit back at HSBC over 'weak' on China comments. (2) Moody's downgrades 10 US banks as borrow...

8 Aug 202317min

HSBC Exec Says UK 'Weak' on China & Musk-Zuckerberg Cage Fight Latest

HSBC Exec Says UK 'Weak' on China & Musk-Zuckerberg Cage Fight Latest

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) A leading HSBC Executive says the UK is 'weak' for siding with the US against China. (2) Speaking exclusive...

7 Aug 202316min

Bloomberg Daybreak Weekend: Inflation, Weather, Baba

Bloomberg Daybreak Weekend: Inflation, Weather, Baba

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a report on US consumer prices, insurance companies' strategies for...

5 Aug 202335min

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