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(1058)

Daybreak Weekend: U.S Inflation Data, Europe Chocolate Prices, BYD Preview

Daybreak Weekend: U.S Inflation Data, Europe Chocolate Prices, BYD 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 PCE and GDP data, and a look ahead to Carnival earning...

23 Mar 202438min

Apple’s $113 Billion Problem & The BOE’s Quick Pivot

Apple’s $113 Billion Problem & The BOE’s Quick Pivot

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Regulators on both sides of the Atlantic are training their eyes on Apple Inc., unnerving investors with fe...

22 Mar 202415min

Decision Time For Central Banks & Fidelity Cuts 1000 Of Its Staff

Decision Time For Central Banks & Fidelity Cuts 1000 Of Its Staff

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1)  Federal Reserve officials maintained their outlook for three interest-rate cuts this year and moved toward ...

21 Mar 202416min

The S&P's New Record & Billionaire Retail Magnates, The Issa Brothers, See Their Empire Fall

The S&P's New Record & Billionaire Retail Magnates, The Issa Brothers, See Their Empire Fall

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Wall Street traders gearing up for the Federal Reserve decision sent stocks to fresh all-time highs amid ga...

20 Mar 202415min

Japan's First Rate Hike In 17 Years & The Nvidia YOLO Trade

Japan's First Rate Hike In 17 Years & The Nvidia YOLO Trade

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) The Bank of Japan ended the most aggressive monetary stimulus program in modern history, scrapping the worl...

19 Mar 202416min

Google In Talks To Power iPhone AI & The 200% FTX Bankruptcy Trade

Google In Talks To Power iPhone AI & The 200% FTX Bankruptcy Trade

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Apple is in talks to build Google's Gemini artificial intelligence engine into the iPhone, according to peo...

18 Mar 202415min

Daybreak Weekend: Fed Preview, UK Rate Decision, Tencent Earnings

Daybreak Weekend: Fed Preview, UK Rate Decision, Tencent Earnings

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 next week’s Fed decision and Nike earnings. In the UK -  ...

16 Mar 202437min

A Warning To Europe & Regenerating A Paris Crack Den

A Warning To Europe & Regenerating A Paris Crack Den

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) French President Emmanuel Macron warned that the European Union would face an “existential” threat of a Ru...

15 Mar 202416min

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