Daybreak Weekend: Shutdown Averted, Autumn Statement, Fentanyl Crisis

Daybreak Weekend: Shutdown Averted, Autumn Statement, Fentanyl Crisis

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

1) Earnings continue...one big company reporting this week is Nvidia. According to Bloomberg Intelligence...Nvidia is likely to report another beat in its fiscal 3Q earnings results and guidance.

2) In the UK: Chancellor of the Exchequer Jeremy Hunt likely has limited scope to ease fiscal policy in his upcoming Autumn Statement. Bloomberg Economics expects near-term growth and inflation impact of the Autumn Statement will be broadly neutral.

3) In Asia: The Biden administration’s decision to remove a Chinese organization from a sanctions list as part of a deal to combat the fentanyl crisis marks an unusual concession to Beijing’s complaints over US trade restrictions.

4) In Washington: President Joe Biden signed a stopgap bill to extend government funding into early 2024, averting a government shutdown for now but kicking a politically-divisive debate over federal spending into a presidential election year.

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Episoder(1041)

UBS To Cut More Than Half of Credit Suisse's 45,000 Staff

UBS To Cut More Than Half of Credit Suisse's 45,000 Staff

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) UBS is planning to cut more than half of Credit Suisse's 45,000-strong workforce. (2) Investment banking re...

28 Jun 202316min

UPDATE: BOE Set to Tip UK Into Recession & Odey Suspends Two Funds

UPDATE: BOE Set to Tip UK Into Recession & Odey Suspends Two Funds

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Bloomberg Economics says higher rates will push UK into recession by the end of the year (2) Putin labels ...

27 Jun 202317min

Putin Talks Tough & Odey Suspends Flagship Fund

Putin Talks Tough & Odey Suspends Flagship Fund

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Putin labels Wagner mercenary commanders 'traitors' as Prigozhin denies coup attempt. (2) Central bankers h...

27 Jun 202317min

Putin Under Pressure & HSBC Moves London HQ

Putin Under Pressure & HSBC Moves London HQ

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Questions grow over the Russian leader's grip on power as an almost-coup is averted. (2) Sunak backs the Ba...

26 Jun 202317min

Bloomberg Daybreak Weekend: Stress Tests, PBOC, Sintra

Bloomberg Daybreak Weekend: Stress Tests, PBOC, Sintra

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 look at big bank stress tests, a trip to Sintra, the Chinese econ...

24 Jun 202335min

UK Profit Margins And Pay Rises 'Unsustainable' & Titanic Sub Crew Killed In Catastrophic Implosion

UK Profit Margins And Pay Rises 'Unsustainable' & Titanic Sub Crew Killed In Catastrophic Implosion

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Andrew Bailey says profit margins need to fall and pay rises need to be curbed after the Bank of England h...

23 Jun 202316min

The BoE Gets Set For A 13th Hike & Time Running Out For Titanic Sub Rescue

The BoE Gets Set For A 13th Hike & Time Running Out For Titanic Sub Rescue

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) The Bank Of England gets set for a 13th consecutive rate rise. (2) The Fed's Powell indicates that two more...

22 Jun 202316min

UPDATE: Traders Price 6% Rates On Hot UK Inflation & Sounds Heard In Titanic Search.

UPDATE: Traders Price 6% Rates On Hot UK Inflation & Sounds Heard In Titanic Search.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK inflation came in hotter than expected in May, with traders now pricing in a peak of 6% in Bank of Engla...

21 Jun 202317min

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