UPDATE: UK GDP Shrinks, Fossil Fuels Climate Deal & Netflix Reveals All

UPDATE: UK GDP Shrinks, Fossil Fuels Climate Deal & Netflix Reveals All

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

On today's podcast:
(1) The UK economy shrank more than expected in October as elevated borrowing costs and wet weather took their toll, setting the stage for another quarter of stagnation that is widely forecast to persist through 2024.

(2) The COP28 climate talks in Dubai ended in a deal that saw a commitment to transition away from all fossil fuels for the first time.

(3) Germany’s ruling alliance has sealed an agreement on a revised 2024 finance plan, pushing past internal divisions laid bare after a critical funding tool was struck down by the nation’s top court.

(4) Argentina devalued the peso by 54%, overhauled its crawling peg and announced massive spending cuts to eliminate its primary fiscal deficit next year as the first steps in President Javier Milei's shock-therapy program.

(5) Netflix has released global midyear viewer data for every title on its service for the first time. The political thriller The Night Agent was the most-watched title globally in the first half of 2023, generating 812.1 million hours of viewing.

See omnystudio.com/listener for privacy information.

Episoder(1073)

Trump-Fed Fight Pushback, 25% Iran Partners Tariff, Grok AI's UK Backlash

Trump-Fed Fight Pushback, 25% Iran Partners Tariff, Grok AI's UK Backlash

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) President Donald Trump faced rare opposition from key Republican lawmakers after Federal Reserve Chair Jero...

13 Jan 17min

Fed Served With Subpoenas, Iran Closer To Revolution, Europe-China Chip Feud

Fed Served With Subpoenas, Iran Closer To Revolution, Europe-China Chip Feud

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the ...

12 Jan 24min

Daybreak Weekend: Bank Earnings, UK Property Market, China Trade

Daybreak Weekend: Bank Earnings, UK Property Market, China Trade

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 U.S CPI data and bank earnings. In the UK – a lo...

9 Jan 39min

Looming US Tariff Ruling, Iran Internet Shutdown, Rio-Glencore Merger Talks

Looming US Tariff Ruling, Iran Internet Shutdown, Rio-Glencore Merger Talks

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) An upcoming Supreme Court ruling on the legality of the sweeping tariffs that President Donald Trump rolled ...

9 Jan 19min

Trump Challenges China, Tanker Seizure UK Role, Not Such Rich Pickings

Trump Challenges China, Tanker Seizure UK Role, Not Such Rich Pickings

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Leading Chinese oil companies with interests in Venezuela have asked Beijing for guidance on how to protect ...

8 Jan 16min

US Won’t Rule Out Taking Greenland By Force, Venezuela To Send US Oil, Pubs Fear Last Orders

US Won’t Rule Out Taking Greenland By Force, Venezuela To Send US Oil, Pubs Fear Last Orders

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump won’t rule out the use of military force to acquire Greenland, the White House said, ...

7 Jan 16min

Maduro Pleads Not Guilty, Greenland Alarm Grows, UK Wealth Cracks Widen

Maduro Pleads Not Guilty, Greenland Alarm Grows, UK Wealth Cracks Widen

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Venezuela’s government is reasserting itself after the capture of Nicolás Maduro, swearing in Delcy Rodrígue...

6 Jan 20min

Trump’s Venezuela Demands, Maduro To Appear In Court, $100 Billion Oil Gamble

Trump’s Venezuela Demands, Maduro To Appear In Court, $100 Billion Oil Gamble

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Donald Trump said the US needs “total access” to Venezuela as questions mount about the country’...

5 Jan 20min

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